AMAT Puts Slip; Stocks Sink
Stocks sank again Tuesday as earnings worries gave little rationale for
buyers to step in. Gold and silver was the top sector while Internets were the
weakest.
At the close, the VIX was up 4.58 to 39.33.
Among bigger movers on heavier-than-average volume:
Applied Materials
(
AMAT |
Quote |
Chart |
News |
PowerRating) was actually up 1/8 to 40 1/8 despite the
pressure on tech. The AMAT April 50 puts fell 1/2 to 10 3/8 on more than 6000
contracts.
Commerce One
(
CMRC |
Quote |
Chart |
News |
PowerRating) fell 2.24 to 5.61 folowing an earnings warning from
ARIBA. The CMRC July 10 puts gained 1.50 to 5.20 on more than 7000 contracts.
WorldCom
(
WCOM |
Quote |
Chart |
News |
PowerRating) fell 3/4 to 17 15/16 while the WCOM April 20 puts rose
1/2 to 3 1/2 on more than 6000 contracts.
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